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June 2011

Sue and Scott Campbell, owners of Prestige Real Estate group, closed the sale of 346 Ralston Creek. This beautiful waterfront estate home sold for $3,100,000 representing the top sale for the year to date on Daniel Island and the fourth highest in the overall Charleston market according to MLS records. The Campbells also sold represented the buyers for the highest price home sold in 2011 on Daniel Island at $4,650,000.

2011 Top Sale To Date

346 Ralston Creek, Daniel Island SC $3,100,000

2010 Top Daniel Island Sale

370 Ralston Creek, Daniel Island SC $4,650,000

2011 started off quite strong, but April and May were disappointing. First quarter sales were strong with the number of home sales up 21% and homesite sales up 366% over the same period last year. Through May the year-to-date number of homes sold is up just 4%. Single family homes sales are down 7% while condo sales are up 35%. Sales of condos appear to be driven largely by bank owned deals. The highest priced home to sell in May was $691,209. Last year 5 single family homes sold in May above this price point including a $4,650,000 home sold by Prestige Real Estate Group.

New construction is once again dominating the scene with 7 of the 12 single family homes sold in May being new construction. Perhaps the slowest category for sales was in homes above